I just sat in a meeting where the new IT staffing model was discussed. Some roles (in particular the non-technical roles) are being reduced. Other roles are being maintained or grown. However, at this time, the executives are not giving us any hard numbers.
The majority of the reductions will happen in Bloomington, but some may happen in the other hubs as well.
They did make it pretty clear that they are not willing to invest in someone completely reskilling themselves (so, for example, an ISD BA with no prior coding experience who wants to train to become a java developer).
They also made it clear that you're not safe just because you're in a favorable role, if you don't have the right skill-set for the role. I don't know exactly what that means, but it seems they are acknowledging we have people currently occupying roles who are not prepared to actually do their present duties properly.
There will be more specific information coming in March. At present, there were no details about who will be offered severance, how many people will be cut, or anything else specifically except the list of roles/skills.
In other words, they've told us just enough to panic everyone.
Just my two cents/speculation: I would expect the March announcements to include hard facts about lay-offs for the reduced roles.
If you are in a business role, do yourself a favor and get out now before the job market in BLM is oversaturated.